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A non-porsche solution for a lot less$
If it's the stop light grand prix you're looking at, consider the 2002-2004 Z06 Vette. Not especially pretty--neither is an STI--but it deliverers the goods--0-60 in 4.5 seconds, 1/4 mile in 12.0 and they handle very well.
Price range is in the $22-30K range for a decent car, you may be able to get one with a warranty.
If I was looking for a car to do strictly DE's and an occasional auto-x; this would be the car I'd be looking at: Capable, reasonably reliable, relatively inexpensive spare parts, lots of places to get work done and big on the fun side. If you need more HP there are plenty of aftermarket accessories to get it close to 500
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2013 Boxster S
2006 Boxster--sold
1999 Boxster--sold
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